The prospect of David Jones falling into new ownership has kicked up a notch,with the boss of its parent company telling investors that all options are on the table regarding the department store’s future.
Following reports David Jones could be up for sale,what’s the future of fashion at our department stores?
Speculation about a sale of David Jones has reignited talk of market consolidation,with Myer and David Jones living under the same roof.
Lockdowns have hit turnover and operating profit at the upmarket department store.
After 11 years Sarah-Jane Clarke returns to the David Jones fold feeling as relaxed as her clothing.
The department store has unveiled the first stage of its $50 million revamp,a move towards “experiential” shopping it hopes will lure shoppers back to the iconic Bourke Street premises.
The head of upmarket department store David Jones is hopeful the business will see minimal impact from rising inflationary pressures across the economy.
“My love for fashion started young! I didn’t have a favourite piece because I was constantly changing my clothes.”
Red carpets,live band performances and giveaways will greet a rush of expectant shoppers as Melbourne’s malls and department stores fling open their doors on Friday.
After a long lockdown,retailers are hoping that pent-up demand will translate into a shopping boom to help fix sagging sales.
Upmarket department store David Jones has seen its profits soar back into growth for the 2021 financial year but is facing new challenges through lockdowns.